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Wolf Popper LLP Investigates Claims That the Proposed Acquisition of TeleCommunication Systems, Inc. May Not Be In the Best Interests of Its Investors

Montag, 23.11.2015 18:35 von PR Newswire

PR Newswire

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in TeleCommunication Systems, Inc. (NASDAQ: TSYS), concerning the proposed acquisition of TeleCommunication by Comtech Telecommunications Corp. (NASDAQ: CMTL). TeleCommunication shareholders seeking more information about this acquisition can contact Carl L. Stine at (212) 759-4600 or cstine@wolfpopper.com.

The investigation concerns whether TeleCommunication's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value.  Under the terms of the proposed transaction, TeleCommunication's shareholders will receive $5.00 per share in cash for each TeleCommunication share they own.  However, the offer price is below the median analyst price target of $5.25 per share.    

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2015 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolf-popper-llp-investigates-claims-that-the-proposed-acquisition-of-telecommunication-systems-inc-may-not-be-in-the-best-interests-of-its-investors-300183320.html

SOURCE Wolf Popper LLP